Florida lawmakers will enter the 2009 legislative session fixated on the state's economic woes and how to balance a state budget that keeps running in the red.
But this year's session could be far-reaching for the state's insurance industry as well. The explosive news that State Farm, the state's largest private insurance carrier, has decided to pull out of Florida's property market over the next two years threatens to transform the 60-day session into an all-out battle over insurance issues. Any number of actions could have dramatic consequences on the property and casualty market.
Senate President Jeff Atwater (R-North Palm Beach), had already signaled that he is willing to tackle several thorny items, including the size and scope of the Florida Hurricane Catastrophe Fund and whether Citizens Property Insurance Corp. should end its rate freeze.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
